Hi, Website Visitor. Here are your Articles for January 9, 2008.
Rea & Associates, Inc. Announcements
AMT Patch Extended
Congress passed several tax measures in December including an "AMT patch" extension. The legislation also extended the ability for taxpayers to use some personal tax credits to offset the Alternative Minimum Tax.
Investment in Employees & Capital: Increase Your Cash Flow and Return on Investment
Many companies are in the process of putting the final touches on their short and long term budgets, which often involve projections for investment in employees and capital. Investment in people might include additional expenditures for training, hiring additional employees and training those new employees to support business growth. Investment in capital might include adding an additional line of machinery, expanding an existing building, building a new building or something as simple as increasing the current level of investment in inventory.
Most companies keep sensitive personal information, such as names, Social Security numbers and account numbers, in files or computers which are used to identify customers or employees. Fraud or identity theft is almost guaranteed if this sensitive data were to fall into the wrong hands, so safeguarding sensitive data is a "must" business practice. Here are a few good practices to consider in order to protect this type of data.
A lot of entrepreneurs think they have the perfect retirement plan: They'll sell the business for a bundle and live off the proceeds. But many of them may be in for an unpleasant surprise when they're ready to bail: They haven't done the work they need to do to get the company ready for a buyer.
We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.
It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.
Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.
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